Golden Finance reports that Bitwise Invest CEO Hunter Horsley stated that Bitcoin reached a record high this week, but it hasn't triggered investor concerns about overvaluation like stocks do. 'Bitcoin is different,' he explained, 'when a company's stock rises, the price-to-earnings ratio also increases, and at some point, people will say 'this is overvalued', and then they become less interested until the price drops.' Horsley added that without the same financial performance metrics, 'when the price of Bitcoin rises, people tend to believe it is more likely to succeed and thus more valuable, so it is likely to rise further.'